Ensuring Veteran Enterprise Participation in Strategic Sourcing Act

Bill 115 HR 2781, also known as the Ensuring Veteran Enterprise Participation in Strategic Sourcing Act, aims to increase the participation of veteran-owned small businesses in federal procurement opportunities. The bill was introduced in the House of Representatives on May 4, 2021, by Representative Mark Takano of California.

The main purpose of this legislation is to ensure that veteran-owned small businesses have a fair chance to compete for government contracts through strategic sourcing initiatives. Strategic sourcing is a process used by federal agencies to streamline procurement and reduce costs by consolidating purchases and leveraging the government's buying power.

The bill requires federal agencies to include veteran-owned small businesses in their strategic sourcing plans and to set aside a certain percentage of contracts for these businesses. It also mandates that agencies report on their progress in meeting these goals and provides resources and support to help veteran-owned businesses navigate the federal procurement process. Overall, the Ensuring Veteran Enterprise Participation in Strategic Sourcing Act seeks to level the playing field for veteran-owned small businesses and increase their access to federal contracting opportunities. By promoting the participation of these businesses in strategic sourcing initiatives, the bill aims to support and empower veterans who have served our country and are now looking to start or grow their own businesses.